
Rates and Charges
Savings Bank Account
Minimum Balance Required to open account without cheque book facility | R200 |
Minimum Balance Required to open account with cheques book facility | R500 |
Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
Bank card | FREE |
Cheque returned for insufficient funds | R500 |
Lost/ Replacement of Bank Card. | R 50 |
Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) | R 50 p.m |
Maintenance of Dormant a/c* | No charge |
(*When account is not operated for -2-years) | – |
Cash Transaction at the counter | FREE |
Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
Cheque Books | 50 pages R130, 100 pages R200 |
Duplicate statement | R10 per page |
Current Account(Individual and Business)
Minimum Balance Required to open account | R5000/- |
Current a/c Closure charge | No charge |
Cheque books | 50 pages R130, 100 pages R200 |
Cheque returned for insufficient funds | R500 |
Temporary Overdraft | 24% p.a on overdrawn account |
Request archive statements(30 entries per page) | R10 per page |
Maintenance of Dormant a/c* | Nil |
(*When account is not operated for-1- year) | _- |
Automated transfers | FREE |
Balances below R5000 | R200 p.m |
Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
Maintenance fee(half yearly) | R100 |
Cash Transaction at the counter | FREE |
Duplicate statement charge | R20 per page |
Foreign Currency Current Account
Minimum Balance Required to open Foreign currency account a) For salary A/c b) For others |
Equivalent to USD 25 Equivalent to USD 100 |
Inward transfers received from banks | No charge |
Maintenance of Dormant a/c | 5No charge |
Local cheque collection | SD5 |
Cheque book 50pages(Current Account)) | USD10 |
Fund Transfers
LOCAL PAYMENTS | |
---|---|
Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
Fund transfer through SWIFT (for any amount) | R50 |
Banker’s cheques | R50 |
FOREIGN PAYMENTS | |
SWIFT/ TT ( in case currency/country differs) | |
Transfer to India in INR through Rapid Funds to India | SCR 35 or equivalent |
(** plus correspondence bank charge, if any) | |
Foreign Drafts | R400 |
Cancellation of draft | R50 |
Standing Orders
Current a/c & Savings a/c(Internal transfer) | No charges |
Current a/c & Savings a/c(External payment) EFT | R20/- |
Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
New standing order set up for external remittance.(One time) | Rs25/- |
Unpaid due to insufficient funds | R500 |
Documentary Credits (Inwards)
Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months 50% p.q. or part thereof |
Advising/ Notification | No charge |
Negotiation | 1% subject to minUSD50 |
Confirmation | No charge |
Amendment | 2% of increased amount, min. R250. |
Acceptance | 1% min. R250 |
Under other credits | No charge |
Commission on Payment | No charge |
Commission on Issuance | No charge |
Verification of documentation, collection | No charge |
Telex/Fax/ Swift sent at client’s request | R125 |
Documentary Credits (Outwards)
Notification | No charge |
Acceptance | 0.50%minUSD40 |
Confirmation | No charge |
Negotiation | 0.50%minUSD40 |
Opening/ Transferring | 2%p.q minR400 |
Drawing/verification of documentation | R100 |
Amendment | 2% of increased amount, min. R250. |
Shipping guarantee | R500 |
Telex/ Fax/ Swift sent at client’s request | R125 |
Loan and Advances Fees
Business O/D & loans – fresh /renewal fee | 1%minR300 |
Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
Personal loan fresh only | 1% MinR400 MaxR1000 |
Home loan: upto SCR 1.5 Mn Above SCR 1.5 Mn |
SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
Car loan (fresh only) | Car Loan-1% MinR300 |
Loans – full pre-payment fee | No charge |
Loan/OD against FDR | SCR300 (FOR ANY LIMIT) |
C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ————- |
——————————————— No charge |
Detail of loan repayment | No charge |
Pre-mature closure | No charge |
Part-repayment (require rescheduling) | No charge |
Prepayment charge: Loan in SCR currency Loan in Fgn currency |
-NIL- 3% on prepayment amount |
Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
Penalty interest rate | 2%p.a+ normal interest rate |
Legal Fee(as charged by the lawyers) | Actual |
Loan – cancellation of agreement (pre-disbursement) | R500 |
Guarantees, Bonds, indemnities etc.
Immigration Guarantee/bond/indemnities. | 1%p.a MinR500p.a |
Financial Guarantee | 2%p.a |
Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
Inward (clean) | USD 30 |
Holding bill beyond due date | SCR250/- |
Outward(sight/tenor) | 0.25%,minUSD20 |
Tracer to charges | R200 |
Courier Charges | Actual |
Non-Standard Cheques for collection | SCR100 per cheque. |
Miscellaneous
Bank audit report to company’s auditors | Balance confirmation only-R100,Also other detailsR200 |
Status report for customers | R100 |
Safe custody | R500 to R2000 p.a. depending on the size of the lockers |
Attestation of documents | R50 per documents |
Loss of wallet/ key | R5000 |
Internet Banking Facilities
Transaction based | Free of cost |
Abbreviations
p.m – Per Month | PLR—11.00%p.a w.e.f 16-04-2018 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4618000 ,4618001,4618002,4618009 & 4618011 |
a/c – Account | |
max – Maximum | |
LC – Letter of Credit | |
p.a – Per Annum | |
Fgn – foreign |